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YES BANK BIKE LOAN 

Yes Bank Bike Loan Details

YES Bank is a full service commercial bank that offers corporate banking, investment banking and personal banking services across India. It is an Indian private sector bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapoor in 2004. It offers a wide range of banking and financial products for corporate and retail customers through retail banking and asset management services. 

For YES Bank Bike loan salaried individuals and self employed individuals are eligible to take this loan. It is an easy and hassle free application process with an attractive interest rate.The minimum loan amount of YES Bank bike loan starts from Rs.1 lakh and maximum loan amount is Rs. 25 lakh.

Benefits of YES Bank Bike Loan 

1. Minimum documentation process

2. Attractive interest rate starts at 10% to 18% per annum.

3. Smooth application and disbursal process

4. Easy and hassle free loan application

5. Loan amount starts from Rs.1 lakh to Rs.25 lakh’

6. Repayment tenure period upto 5 years

7. Salaried and self employed individuals are eligible to take this loan

Eligibility Criteria for YES Bank Bike Loan

Before applying for a loan for a bike from YES Bank, you should fulfil all basic eligibility criteria as prescribed by the bank. For the bike loan application the Salaried individuals, self employed individuals are eligible to take a loan. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.

ELIGIBLE 

Salaried individuals, self employed individuals 

AGE 

21 years to 65 years

RESIDENTIAL STATUS 

Minimum 2 years

CIBIL SCORE 

700 - 800

Documents Required for YES Bank Bike Loan

Any applicant who is going to avail a loan for a bike from YESI Bank must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of loan.

  1. Filled application form

  2. Proforma Invoice

  3. Passport size photograph

  4. Identity Proof 

  • For salaried individuals = PAN card, voter’s ID, passport, Driving license

  • For self employed individuals = PAN card, voter’s ID, passport, driving license

  1. Address Proof

  • For salaried individuals = Utility bills, passport, etc.

  • For self employed individuals = Utility bills, passport, etc.

  1. Income Proof

  • For salaried individuals = Salary slips, IT returns, bank statements

  • For self employed individuals = Bank statements, IT returns, audited financial statements

Compare other banks Bike Loan Interest Rates

BANKS 

INTEREST RATE 

AXIS Bank Super Bike Loan

9.15% to 15.90%

SBI Super Bike Loan 

Start at 10.65%

HDFC Bank Two Wheeler Loan 

Start at 11.83%

HDFC Bank Super Bike Loan

9.65% to 15%

YES Bank Bike Loan 

10% to 18%

ICICI Bank Two Wheeler Loan 

10% to 26%

IDBI Bank Two Wheeler Loan 

Start at 11.83%

Indusind Bank Two Wheeler Loan 

21% to 29%

Bank of Baroda Two Wheeler Loan 

Start at 11.50%

Bank of India Two Wheeler Loan 

7.75% to 8.35%

Punjab National Bank Two Wheeler Loan

Start at 10.70%

Other products of YES Bank 

1. YES Bank Car Loan 

2. YES Bank Business Loan 

3. YES Bank Home Loan 

4. YES Bank Loan Against Property

How to Apply for YES Bank Bike Loan

There are two ways to apply for YES Bank Bike Loan :

1. Offline Method : By visiting the nearest bank branch 

.2. Online Method 

  • Firstly visit lenders website or branch from which you want to get loan

  • Fill the application form and read all the term and conditions

  • Attach all required documents with an application form

  • After submitting form lenders will let you know that you eligible or not for the loan

YES Bank Bike Loan Customer Care

Contact number : 18001200 toll free number 

Email id : yestouch@yesbank.in

How to calculate EMI of YES Bank Bike Loan

The mathematical formula is used to calculating EMI of YES Bank Bike Loan

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

P stands for the loan amount or principal, 

R is the interest rate per month and 

N is the number of monthly installments.

Financials products offered by Bank 

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

YES Bank Bike Loan Frequently Asked Questions 

1. What is the minimum and maximum loan amount provided by YES Bank for bike loan?

The minimum loan amount is Rs.1 lakh and maximum loan amount is Rs.25 lakh provided by YES Bank for bike loan.

2. How much interest rate is provided by YES Bank for bike loan?

The minimum interest rate is 10% and maximum interest rate is 18% provided by YES Bank for bike loan.

3. Is age an important factor to take a bike loan from YES Bank?

Yes, age is an important factor to take a Bike loan from YES Bank. The minimum age of the customer is 21 years and maximum age of the customer is 65 years.

4. How to contact YES Bank?

You can contact through customer care number and customer care email id for YES Bank.

5. How can I apply for bike loans at Yes Bank?

You can apply offline by visiting the nearest bank branch or through online for bike loan at YES Bank.

6. Which formula is used to calculate EMI of Yes bank bike loan?

The mathematical formula is used to calculating EMI of YES Bank Bike Loan

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

P stands for the loan amount or principal, 

R is the interest rate per month and 

N is the number of monthly installments.

Last Updated on : 31/Aug/2020

Know More About

Yes Bank Bike Loan

You're eligible for a Yes Bank Bike Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Two Wheeler Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Yes Bank Bike Loan Interest Rates

Updated on 25 Nov 2017

Yes Bank Bike Loan Details
Interest Rate (Monthly reducing balance) 10% - 18%
Processing Fees NA
Loan Tenure 1 year to 5 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Two Wheeler Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959